Piper Jaffray Cuts China Valves Tech (CVVT) to Neutral Following Q4 Results

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March 17, 2011 1:57 PM EDT
Get Alerts CVVT Hot Sheet
Price: $0.26 --0%

Rating Summary:
    1 Buy, 1 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 16 | New: 9
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An analyst at Piper Jaffray just downgraded China Valves Technology (NASDAQ: CVVT) from Overweight to Neutral in an intraday research note. The firm's price target was cut from $13 to $6.50.

This afternoon's downgrade follows mixed Q4 results from China Valves this morning.

Shares of CVVT are now down 11.4% to $5.27.

For more ratings news on China Valves Technology click here and for the rating history of China Valves Technology click here.

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